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a lot today about the need to strike a fiscal cliff deal and what they were doing is tacking with each other, with no new talks scheduled between the major players in the debate and the speaker of the house finds himself defending his own plans for members of his own party. in northwest d.c., president obama is on the hard sell trying to convince a group of business executives to support raising taxes on the wealthy. >> let's allow higher rates to go up the top 2%, and that includes all of you, yes? >> reporter: saying a fiscal cliff deal must include new revenues. the president pushed his plan to raise taxes on household earning over $250,000 a year. >> and i am here to tell you that nobody wants to get this done more than me. >> reporter: john boehner has a hard sell of his own with conservatives upset over his offer of $800 billion in new taxes. >> the plans the white house has talked about us this far, they could not pass either house. >> reporter: a "washington post" poll finds 53% would blame republicans if the country went over the fiscal cliff while only 27% would blame the pre
billion from its budget over the next decade in case no fiscal cliff deal is scheduled. the military had been told for months not to get ready for these budget cuts. in the meantime, "the washington post" released a survey earlier this week. it found 53% of people polled would blame republicans for going over the cliff. 27% would blame president obama. not a lot of sunshine that we're seeing this these talks. >> i was telling mike, i was listening to an interview with trent lott, former leader back in the days in the clinton administration. he said he and daschle would good friends and that they worked on it but he was also criticized by his fellow republicans for being a compromiser. when did compromise get to be a dirty word. >> we've seen signs of compromise on the side of john boehner and seen republicans go after him for doing that. >> exactly. it's a price of being a leader. what do you have for us in the next half-hour? >> it's the season we're dressing up our homes with a lot of holiday decor. it looks fantastic but can also be a little dangerous. we'll run through some of the po
there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli ambassador to the u.n., ron prosor, warned that the palestinians are turning their backs on peace. >> for as long as president abbas prefers symbolism over reality, as long as he prefers to
. >>> 31 days left for lawmakers to reach a fiscal cliff deal. cnbc is heading to the home states of key congressional leaders involved in negotiations. today john harwooden in kentucky. senate republican leader mitch mcconnell's home state to find out how the fiscal cliff is impacting constituents there. >> reporter: in the senate, the challenges is bringing together red states and blue states. mitch mcconnell's kentucky is horse country. of the states represented by top congressional leaders, it's the reddest of all. >> among the top leaders of congress involved in fiscal cliff negotiations, the one facing the most home state pressure may be senate republican leader mitch mcconnell. he faces re-election in kentucky, a state where the tea party movement is alive and well. president obama may have won this election but two years ago leaders of the tea party movement elected ron paul's son rand as kentucky senator over an establishment republican. one leader of that movement who runs a high-end audio equipment business says they could do the same thing in 2014, and this time take out mitc
maybe in this fiscal cliff deal. grover, the first question i have for you is this, your pledge, the pledge that many republicans have signed on to, opposes any and all efforts to increase marginal income tax rates and opposes any net reduction or elimination of deductions and credits unless matched for dollar by further reducing tax rates. closing loopholes and ending deductions would seem to increase the tax burden that americans are paying to the federal government. given that, do you support the proposal put forward by john boehner? >> well, because the proposal is significantly amorphous, you could get those revenues through economic growth and we don't really have things nailed down, i don't want to talk about a hypothetical, but there is a danger that when you put revenues on the table, even revenues through economic growth, if you grew at 4% a year, reagan levels, instead of 2%, french levels or obama levels, you would net $5 trillion in additional revenue to the government, you could pay down all of obama's additional debt by higher levels of growth, not raising taxes.
the fiscal cliff. that's the hill newspaper. here's politico this morning, inside the talk, fiscal cliff deal emerging is what some write this morning. and that's from politico this morning. first call up on our question this morning, g.o.p. says address the spending problem and in silver spring, maryland, democrat, good morning anne. caller: yes, well i would like the g.o.p. to be a little more specific because all of them who signed the pledge they want to slink government. i listen to c-span. they're so upset about ben gauzey, which they should be upset about, they don't take into account that the state department has a shoestring budget. people are very upset about the compounding, but the f.d.a. operates on a shoestring budget because they have been shrinking government. host: so anne, do you see room for cut? caller: yes, i see room for budget cuts in the defense department. i'm a senior citizen facing retirement, and i really do believe in some means testing for social security. it's an insurance program. and there are people, you're just like with your health insurance, if you're real
leaders that if they use the fiscal cliff to wage a deal they have another thing coming. >> it is a bad strategy for america and it is not a gamely play. >> the stalemate comes as both parties remain at odds on whether to raise taxes on the welty and how deep to cut entitlement programs like social security and medicare. >> just because we're at a stalemate doesn't mean we won't get to a deal. >> they explain that grand standing is part of the play book. >> they will use every day between christmas and new years to push back and forth to have each side air their grievances. >> lawmakers left town for a long weekend. except -- >>i will be here and will be available to sit down with the president. >> the white house did not say when the president will sit down with speaker boehner but we know that the president will hit the road to make his case on the fiscal cliff in detroit. >> the sheriff's office is trying to figure out what caused a vehicle to veer you have a the road and down an embankment. we were above the scene along winters run road just along singers run road. they had to free
on the fiscal cliff, so why are so many lawmakers had enough of washington? later, we are joined with a later, we are joined with a hyundai -- holiday-themed >> negotiations in washington are up in the air and with nothing to vote on most lawmakers are headed home for the weekend, but legislators are likely to get an earful about their lack of progress. >> lawmakers getting a lot of washington while they can. >> we have heard eric cantor and house republicans forcing members to be in town for the christmas holiday if the deal is not done before that. >> leave us alone. >> these are the frustrated constituents they will face it social security jobs are cut. >> there will be backlog and disabilities will skyrocket. processing times will skyrocket. >> the few lawmakers left on capitol hill will get some advice when economist mark zandi testifies, and more fallout according to the treasury secretary. >> his did administration prepared to go after the fiscal cliff? >> absolutely. >> a source tells of president obama and john boehner spoke by phone. >> we cannot negotiate by ourselves. >> the hold
and confidence and we can then have the revenue from the higher income to help deal with the fiscal cliff. the problem with closing loopholes is it's difficult to get anywhere near the type of revenue you can get from the rates on the higher income. >> fair enough. now if there is a compromise and you get the rates you want, don't you have to give up something? what key government function that's important to senator cardin would you put on the fable and a hey, i'll let this go to get something i want? >> we've always said it's got to be balanced between revenue and spending cuts. we understand and know we need to bring down the cost of healthcare. if we can bring down the cost of healthcare, we can save the economy money. >> would you be willing to see the medicare enrollment age raised? >> all that does is shift the cost to other people. we've got to bring down the cost of healthcare. our economy pay as to much for the healthcare dollars. we've got to get better results. >> is there anything else you can specifically put on the table? i got to press you on this that would hurt you the w
. the obama administration says it is prepared to go off the fiscal cliff. let help spur a deal? new images of the duchess of cambridge leaving the hospital this morning with prince william at her side. a surety under fire for an incentive photo taken at a party. the students are not being disciplined. an investigation about thieves are gaining easy access to your rooms. music from john travolta and olivia newton-john getting a lot of attention this morning appeared that and much more when we get started on a thursday morning. >> scary. 6:53. coming up, we'll look at your answers to our water cooler question of the day. >> we'll take a last look at weather and traffic together before you head ou >> time to get to your answers to our water cooler question of the day. these us some of the best -- these are some of the best. >> this morning we asked, do you think eating or putting on makeup should be included in distracted-driving fines? i love this one. [laughter] >> we will post more answers on our website, wbaltv.com. >> been there. here are some stories you'll find at 7:00 a.m. on wbal plu
of this fiscal cliff deal. that includes house democrats. and how do i go about doing that without totally alienating the base of my party? and i'm very curious to see what his next step is because his opening offer was essentially where he said he could only go in the debt ceiling bargains of july 2011. he said i can go to $800 billion in revenue, i can do these specific entitlement reforms. that's now his opening offer. where does he go here? >> i think, though, steve that the president of the united states and mr. lew and other democrats need to start looking at him differently. he is like an attorney that knows what his client is going to give and what his client's not going to give. we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is about him knowing what he can deliver. >> i understand that. john boehner has,
the fiscal cliff. lawmakers have until december 31st to reach a deal to avoid dramatic tax heights and budget cuts. the president wants higher taxes on people making more than $250,000 a year. to make up $1.6 trillion in 10 years. republicans want to close loopholes, make half as much money and not raise taxes. >>> businessman greg hall files an appeal. neither should get the seat. the democratic central committee has nominated hall to replace alston. the judge ruled that governor omaley will pick the next one. >> a court battle between a home contractor and an unhappy customer. a judge in fairfax county has ordered a woman, the homeowner, to remove parts of her posts on yelp and on angie's list. jane perez is the homeowner. she complained about repairs. she also claimed that some of her jewelry disappeared while the contractor had the only other key to her home. the contractor is named christopher dietz. the judge says that the woman's po posts about her jewelry goes too far and she has to remove that part of her accusation. >> people have a right to write a review that's honest and truthful
as lawmakers try to reach a deal to avoid the so called fiscal cliff in january. treasury secretary tim geithner tells cnbc republicans have made a little progress, but the obama administration is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has lost a bit of its shine. the tech giant stock suffering its worst day in four years on thursday. several factors may have been at play. investors worried apple may be giving up ground in the tablet market to rivals, while nokia beat the company to the punch. there are also unconfirmed reports a stock clearinghouse firm is reducing the margin requirements on apple stock. apple lost $35 billion in market value yesterday. to put that into perspective, there are 417 companies listed on the s&p 500 index that have a market cap below $35 billion, so the jimmer fredet the majority of the s&p is valued at just below what apple lost yesterday. >>> a fairfax county woman will have to remove parts of her negative online review of a home contractor. the ruling was made yesterday. jane perez
anything right now. maybe we should send him to capitol hill to negotiate a deal on the fiscal cliff. >> there's an idea. >> there's an idea, jim. >> we've got to finish this season first. >> let him finish the day job. >>> let's talk a little bit about your toy drive. how can people get involved in help? >> the season of giving is still in full swing. and this time around, we're focusing on children. we want to give toys. new toys. to children in need in the washington community. two opportunities this coming saturday from 12:00 to 4:00, in the district at the central union mission and in prince george's county at iverson mall. check out whur.com for more information. >> it's easy to do. there are great deals out there. you can make a big difference. just one thing is all it takes. thank you so much. pat, back over to you. >>> new at 4:30, an arrest on a horrific scene. a man pushed to his death on a new york subway. >>> ahead on news4 at 4:00, why the photographer who captured the victim's final moments says he doesn't regret taking the pictures. >>> first the white house, now the
the fiscal cliff rchl the two kids any closer to a deal. >> coming up, fema gives the cold shoulder to people in crisfield still suffering after hurricane sandy. that story as eyewitness news continues. >> sharon gibala here with wjz traffic control. if you're about to head out now is the time we usually start seeing delays on the road. right now over the tim. >> in for marty bass in the first warning weather center. the cold temperatures are settling in. your complete first warning weather forecast coming up. >> holiday movies are poping up all over tv. actor an dri mccarthy tells us about his. stay tuned the . >>> it is 6:30. it's a much colder morning than it's been any morning this week. that's live look at the southwest corner of the city. sharon will take care of the other roads and it's tim williams in for bernadette woods who is in for marty bass who is over at first warning weather. >> that gets us there. sure does. today our temperatures are on the cold side. we're looking at 28 degrees starting off. 24 now in oakland 29 elkin, 3 1 on the shore. our forecast high today in the mid 40
: the fiscal cliff is looking more and more like a ticking time bomb. with 28 days left to strike a deal and no sign of a compromise between democrats and republicans, rich edson looking at his watch counting down those days. he is at the white house. rich? >> ashley more of a sign of trouble as the administration finally acknowledge it is will have it do planning just in case of the beginning of these trillion dollars worth of automatic cuts begins in january. the pentagon saying it will start doing short-term planning. before this the pentagon was doing no planning for automatic cuts that begin. the pentagon says it hasn't communicated to defense contractors yet about what to expect. all the folks here say they're just hoping congress and the white house get on the page on some debt deal. what is it comes to the debt deal the president speaking to the business roundtable a couple hours ago saying tax rates must go up on families earning more than $250,000 a year. republicans say they will take $800 billion in more tax revenue from wealthier americans only through closing deductions. th
13,000. and investors appeared optimistic after avoiding the fiscal cliff after president obama suggested that the deal could be reached in about a week. >>> the government issues a new warning today about those reverse mortgages. they are mortgages that give senior citizen homeowners an immediate cash payment in exchange for a future equity. today the obama administration will recommend that senoras be very careful before signing one. >>> star bucks is planning to open 1500 more cafes across the country over the next five years. averaging two new stores every day. that's america's money, i'm paula faris. >>> well, today many have been waiting for. the state of maryland begins issuing same sex marriage licenses today. we're live with more on this historic day. >>> on a mission for survivors, a man walks cross-country for those affected by the stroke. we're going to tell you where you can meet him today. >>> and one baltimore neighborhood could be getting a major makeover. the mayor will be on hand for a big announcement today. we're going to tell you what it is and if it is wher
sure they disappear the way they should and if necessary go over the fiscal cliff. no deal's better than a bad deal. great to see you today. join the conversation any time at 1-866-55-press. follow us on twitter at bpshow. peter ogborn and dan henning team press in place here this morning. good morning guys. peter's always keeping track of the social media and your comment on twitter. phil backert has the phones and cyprian bowlding has the camera. our videographer keeping us looking good here on current tv. well, we know that breaking news this morning actually came across the wires that kate middleton is filing better. she's over that acute morning sickness. she's left the hospital. and at the same time, a little breaking news, we learned that yesterday a couple of talk show hosts, radio talk show hosts from australia with the worst british accents i have ever heard did a prank call to the hospital where kate was kept for a couple of days. pretending to be the queen and prince charles checking in on kate's
day closer today to automatic tax hikes and spending cuts, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1. i mean, i... i'm assuming that doesn't sound too good to you. >> no. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> warner: in washington, republicans portrayed the road trip as so much humbug, at a time, they said, when negotiations are going nowhere. >> there's a stalemate. let's not kid ourselves. >> warner: house speaker john boehner said republicans remain willing to raise revenues, but not by raising tax rates. and he charged the white house isn't
off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >> exextremist elements came to the consulate as this was unfolding. >> it didn't work. now their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> democrats shot back. >> they are not only blaming her for this intelligence report, they are trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house could i write a book. >> or make an internet video. >> not be a true god-fearing person and be on a television show like that. >> that's actor angus t. jones, the "two and a half men" star caught slamming his own tv show. >> if you watch "two and a half men," please don't watch "two and a half men." i'm on "two and a half men," and i don't want to be on it. >> he apologized, but still
these fiscal cliff developments. he is here with tonight's wrap- up. >> reporter: an knit tax you are right, the president and the speaker got on the phone but as if to signal the lack of progress the house got out of town. the republican controlled house left town wednesday saying it has nothing to do. >> we need a response from the white house. we can't sit here and negotiate with ourselves. >> reporter: the president's treasury secretary said there's no room for negotiation on its demand for tax rate hikes for top income earners. >> is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthiest members. >> reporter: republicans insist they can get the revenue without increasing tax rates. >> the revenues we're putting on the table are going to come from, guess who, the rich. >> reporter: but the president says that won't work. >> it is not possible for us to raise the amount of revenue that's required for a balanced package if all you are relying on is closing deduct
of about 9% across defense and all domestic spending. that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to the senate, it went 98-0 against it. no one voted for it. melissa: well, that was kind of a tricky parliamentary issue as well but, i do take issue with one thing, the idea we haven't dealt with entightments. we had two years, a year and a half we debated medicare. we made significant changes in medicare. we just had a campaign which republicans including governor romney time after time after time charged that we had cut $616 billion in spending out of medicare and we reformed the program. we have looking toward new ways to compensate providers.
's no deal. >> administration prepared to go over the fiscal cliff? >> absolutely. >> reporter: there's one small sign of progress. a republican source says president obama and house speaker john boehner spoke by phone. >> we need a response from the white house. we can't negotiate with ourselves. >> the hold upright now is that speaker boehner took a position, i think the day after the campaign that said we're willing to bring in revenue, but not willing to increase rates. >> reporter: gridlock, 26 days and counting. no word on what the president and speaker boehner discussed. given the fact there's not a lot of progress, just the fact they were on the phone represents a small development. tracie potts, nbc news, washington. >>> new information into vincent gray's campaign. sources tell "the washington post" some of his campaign staff hid donations. it cites people familiar with the probe. city employees and contractors were promised their contributions would not be reported. it goes against finance laws. the donations are different from an illegal shadow campaign that raised more than $60
not be that anxious to make the deal and jump off that fumble after all, we go over the cliff -- off that fiscal cliff. after all, we will go over the cliff and there will be cuts which should gland the hearts of republicans and -- gladden the hearts of republicans and then we will have more revenue which will grand the hearts of democrats. we -- gladden the hearts of dems. we will very likely go back -- democrats. we will very likely go back and elect the same group of people to do the same bad job and then this. the football player from kansas city who killed the mother of his child and then himself, he said bob costas was wrong when he argued that cassandra perkins would still be alive if belcher doesn't have a gun. what next? control on cars? they are used in more homicide than guns. we need to amp up our education on certain freedoms and liberties and put larger penalties on those who abuse them, but nick, that is the point. we don't ban cars because they're potentially dangerous, but there are significant controls on their use and ownership. they're registered, licensed and you have to have trai
, clearly the actions that congress put in place to deal with the fiscal cliff is very important because if those actions actually took place then it clearly has a big impact on purchase decisions for all of us and clearly would slow down the economy. so we really do need to come together with a joint solution. >> alan mulally, jim farley, thank you. >> lincoln. >> yeah. all right. charlie -- >> very competitive business. >> nasa is an interesting story that we're talking about too this morning. >> what the curiosity recover has found on mars and got a lot of people talking. ne [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a
st and exactly one month we have to go if they can get a deal to avoid going over the fiscal cliff. everybody says it's going to be an economic catastrophe if we do. an average of $2,200 in extra taxes next year for the average american family. the president has undergone a campaign style series of events. he's had ceos marching up and down the driveway here. he's got a twitter campaign. yesterday he was out in suburban philadelphia asking con stitch wa -- constituents to write in, call, do whatever they need to do to get in touch with those republicans in the house of representatives, try to get them to turn their votes. the president put his first proposal on capitol hill last week. it had $1.6 trillion in new revenues. about half of it coming from ending tax cuts for the wealthy, something that he campaigned on. there are about $600 billion in cuts in domestic programs like medicare. it was greated with gails of laughter by the senate republican leader. here's what the president and the speaker of the house had to say about it yesterday. >> i don't think it's acceptable to you f
, to meet with the middle class family that will feel the impact of the fiscal cliff. as danielle nottingham reports for wjz from washington, outside, groups are turning up the pressure for congress and the president to reach a deal. >> representative maloney. >> reporter: lawmakers are gettingang earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent. for this family. >> reporter: the white house has made clear, the country could go over the cliff if republicans refuse to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes and eliminate tax
. that is not a good deal and suggests that more and more democrats are thinking we should go off the fiscal cliff. >> biggest democrat to know about cliff diving is the president. >> that's right. he is the x-factor and the president is not a good negotiator. sometimes it is a shadow play we have been through before. we went through it with the debt ceiling deal . read bob woodward's deal. the president really again has a misunderstanding of compromise is. he thinks he's in power and basically the republicans should give him whatever he wants and his relationship with boehner doesn't leed lead to results. i am afraid we'll have another bad solution just like we did in 2011. >> gretchen: the cliffhanger in the whole thing. there is midterm elections coming up for some congressional democrats and republicans, do they really want to go off the cliff and be up for reelection in 20 months? >> that's right. there is an argument of thought that the president is bluffing. can because most economist and the congressional budget office said the economy will q. into another recession. does the president wan
're not going to reach some sort of deal to avoid the fiscal cliff? i mean that would be so unpopular across the nation. >> you would -- if you can take an action that would solve the problem for 98% of the country and then come back to the debate about the wealthiest 2%, let's get that first chunk done. republicans fear they could lose leverage if they cave in on the middle-class issue. apparently the president, his team has made increased demand here including, a provision now, part of the negotiations where, the congressional control over the debt limit would go away. and congress does not like to have its power take any way. so maybe the white house, upped the ante and played the stronger card and has republicans balking, according to reporting by "the washington post." that's a new element, all of that, that could prove interesting because it's stripping congressional control. and we just had the big debate over the debt ceiling. >> exactly. >> interesting. the clock is ticking, fellows, for sure. >>> speaking of money, extending jobless benefits for the long-term unemployed could help
. >>> the fiscal cliff countdown clock keeps on ticking tonight with no deal in place. just 25 days remain until the country could be pushed over the edge. today in northern virginia president obama visited a middle class falls church family. he says people like the centanas could be hit hardest if congress doesn't extend middle class tax cuts. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> the president proposed a plan that members of his own party won't even vote for. >> now the president does want tax rates to go up on the wealthiest americans. republicans are standing behind their counteroffer to close tax loopholes and limit some deductions instead. they say the president needs to deliver a new plan that congress can pass. >>> let's take live look right now. this is the ellipse where we are just moment as way from the lighting of the national -- moments away from the lighting of the national christmas tree. erica grow has been out there all afternoon. p
're learning more about the white house plan to deal with the fiscal cliff. break it down for us. >> reporter: right. this is the plan that secretary -- treasury secretary timothy geithner took up to capitol hill yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will come later. much of that not really specified. we're looking at entitlements such as medicare. and then the plan also includes $50 billion in stimulus spending. democrats see this really as sort of the opening salvo in these negotiations. early on in this process, both sides appear to show some level of optimism that this would get done. in the last few days and certainly yesterday it just seems like both sides are so far apart, it's not unusual for us to see this kind of posturing and other negotiations, tough negotiations over the last four years or so. you'll see things build up whether it appears that it's going to get done. then they fall apart. in the end it does happen. the hope is that that would happ
on fiscal cliff negotiation struck a much different tone. if republicans don't but specifically tax rates on upper earners the white house is ready to go right over the cliff. >> we see there's no prospect to an agreement that doesn't involve those rates going up on the top 2%. >> largely backs the president on those rates. 48% support the plan to raise them on upper earners compared to 32% of leaving rates unchanged. when it comes to government spending, the gop has the edge. to help balance the budget, spending cuts should take precedence over tax hikes, 46 to 30%. and leaders in congress who met with business leaders say they have already offered to raise tax by cutting deductions and the president has yet to counter their proposal. >> i'll be here and available at any moment to sit down with the president if he gets serious about solving this problem. >> it's possible the white house may be bluffing, the administration did order the pentagon to consider the big cuts in military spending that would happen if we don't reach an agreement. in washington, doug luzader, fox news. >> stocks
church area, in his push to avoid the fiscal cliff. he heard how tax increases would hurt a family like theirs if no deal is reached by the end of the year. democrats and republicans are still at an impasse on raising taxes for the top 2% of the nation's earners. >>> the lighting of the national christmas tree. here's a live look at this hour. the first family will flip the switch shortly after 5:00. >>> let's see what kind of weather they're going to have. i know we've got possible showers out there. but will they hold off do you think? >> they're going to hold way off until after the christmas tree lighting. but i'm glad it's going to be a little crisp and cool out there for the national christmas tree lighting, you know, to get in the spirit of it all. the high clouds have already moved into the area. the monuments there in the back ground. as far as the rain, where is it now? it's two areas that will convene and come together. we've got one area of low pressure down south. it will be making its way northward. then that weather front, you can see it around chicago coming through area
and the president to avoid the so-called fiscal cliff. speaker john boehner spoke by phone yesterday. visit a northern virginia family today to highlight his call to extend current tax rates to 98% of americans. the two sides are at a stalemate over raising taxes on incomes more than $250,000 a year. however, house majority leader erik canter says the go p is ready to quote talk specifics. >> the serian army has loaded deadly gas into aerial bombs. something president obama has strongly warned against. the military is waiting for orders from the president to deploy the chemical weapons. this morning a blast hit the headquarters as fierce fighting rages in the suburbs. the german government approved sending air defense to boarders. >>> and in egypt, violent crashes led to 40 deaths and injuries. up until now the muslim brother hood which supports president morsi and protestors have demonstrated in different areas. the two sides resorted to rocks , fire bombs and they even fired shots at each other. right now tanks are outside the presidential palace and the army told the protestors to clear
. athena jones, live in washington. we'll talk about the prospects for a deal on the fiscal cliff in the next half hour when we're joined by democratic congresswoman sheila jackson lee of texas and republican congressman tim huelskanm. >>> the united nations general assembly voted overwhelmingly yesterday to upgrade the status of the palestinian authority to non-member state. palestinians celebrated this endorsement of the move towards statehood. but the united states and israel strongly opposed the resolution. cnn foreign affairs reporter elise labott is in washington to explain what it all means. why do the u.s. and israel think this is not a good move for -- for palestinians? >> well, christine, i mean, it signals the frustration on the part of the world, and the lack of the peace process. and what the u.s. is saying is that it really doesn't give the palestinians what they want, which is an actual state. it doesn't give them borders. it doesn't give them any sovereignty. and so all of their u.s. argues is going to do is antagonize israel and lead to more frustration if israel
on the fiscal cliff. >> 30% of the cliff, no big deal. >> okay. >> stephanie: what? new abc poll tax the rich and leave medicare alone. >> that's crazy. >> stephanie: that's nearly 60%. >> that's more than 47%. >> stephanie: right, 60% of the "abc news" poll results of this poll echo the national exit polls in the presidential election just fyi. >> if we do that, 98% of people get a tax cut. who could be against that? oh the republicans. >> stephanie: we'll have audio from this. the president explained it really, really well, exactly what that means. 67% of this polishing more than 60. >> yes nearly 70. >> stephanie: nearly 70 oppose another suggestion raising medicinemedicare eligibility age. >> we have that audio. >> stephanie: why don't we play it. >> i can get the cd from yesterday. we played it yesterday. >> stephanie: no, the actual breakdown, it's only on the first 250,000. explaining how everybody basically gets a tax break. >> i don't think we have that audio. >> stephanie: well, you're fired. >> you're fired. you're fired. you are fired. >> stephanie: can we have that found bite. >>
on the stump pressing republicans to cut a deal averting the fiscal cliff. >> it's like the lump of coal you get for christmas. it's a scrouge christmas. >> there's a stalemate, let's not kid ourself rs. >> reporter: things got tense after secretary geithner visited capitol hill thursday to present what republicans are calling an unreasonable proposal. it includes $1.6 trillion in new taxes. in part, through raising rates on the top 2%. and lips loopholes and reductions. $50 billion in stimulus next year, and $400 billion in medicare and other entitlement savings to be worked out. >> i think the proposal delivered here by secretary geithner was not a serious proposal. >> they want this extra spending that's greater than the amount willing to cut. >> democrats say it was just a starting point. and one republicans should counter. >> there will be prolonged negotiations. and all of us are going to have to get out of our comfort zones to make that happen. >> cnn learned last week the republicans gave the white house their own starting position, which democrats consider unbalanced. extending all
is in the latest white house plan for dealing with the so-called fiscal cliff. today, senator john cornyn tells us what happened inside of a meeting between the treasury secretary and a senate budget committee. and what the treasury secretary told the gop behind closed doors. senator john cornyn is not happy. and you can feel the rage. hurricane sandy and the eruption at fema officials. ahead of the holiday season. we will update you coming up next. and a cartoon snake comes the new face of a 2 trillion-dollar pension nightmare. we will tell you which state could be collapsing under the weight of its own promises, and whether you'll come in the u.s. taxpayer, could be footing the bill for a government bailout that you probably don't realize. >> so the pool of money is smaller. the demand on a pool of money leaves the current workers to ask whether there will be enough when they are able to retire. the problem is the squeeze. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] li
in the house, they'll have to pass it staring down the fiscal cliff. >> but here's the thing. both sides acknowledge that you're not going to get a deal done without some sort of change to entitlements. specifically medicare. >> well, i'm not so sure what that means when you say it's some sort of change. some sort of structural change to medicare? i'm not sure that has to be on the table. i do think, though, that we do have to have some spending cuts and the president has acknowledged that, as well. but the basis of the problem is you have to have -- the republican party is intransigent about the idea of tax increases and the taxes will grow up after december 31st regardless of what happens. if you don't do anything, they'll go up. so you have to do something. you'll have 98% of the american people who will get a tax cut under president obama's proposal, 97% of american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is some sort o
a deal from sending the country over the so- called fiscal cliff. fox 5's bob barnard with the latest development. >> perhaps the phone call is a sign the two sides are trying to kick start negotiations on a tax and spending plan before mandatory cuts in government spending and tax increase goes into effect in less than a month. maryland congressman chris van hollen says he thinks there's only a 50/50 chance a compromise will be reached by the looming end of the year deadline. >> i hope we can come together. it's important to avoid the fiscal cliff. it's also important to do it the right way. >> doing it the right way obviously depends who you're speaking to. i asked maryland democrat chris van hollen, ranking member on the house budget committee, what happens if the white house and republicans in congress cannot reach a deal by january 1st? >> it doesn't necessarily mean january 2nd, you know, the world falls apart, brought it does mean is if you go into january, you know, deeply into january without having resolved these issues, taxes will go up across the board on everybody. that's
's, virginia, earlier today, pitching his plan to end the standoff over the fiscal cliff. meantime on capitol hill, lawmakers began talking about what will and won't happen if a deal can't be reached in 25 days. tom fitzgerald is following it all. tom, the president stay on the hard sell today. >> reporter: he has, shawn. while the president has kept his distance for the most part in the face-to-face talks going behind the scenes with republicans, he spoke on the phone last night with house speaker john boehner. the spears' offer of $800 billion in new revenue is not close to the $1.2 trillion that the white house wants. the president's focus today is what will happen if no deal is reached to middle class taxpayers. president obama left the white house and headed to this house. a home in falls church where this high school teacher shares with her parents, her husband, and her son. >> this is a solvable problem. >> reporter: the trip was arranged after santana contacted the white house describe how the $2,200 more in taxes would affect her family. >> a couple thousand means a couple of months
the economy falls a part. >> by mid-february it will do a lot of damage. >> anticipating the fiscal cliff and massive layoffs democrats called on lawmakers to extend jobless benefits that are going to expire this year. 25 days left, no deal yet. republican feel like they might be losing ground. the latest poll shows the majority of voters trust the president and the democratics on the issue. >> mustaches, all part of a penn state photo posted online. >> they are holding two signs that many found racially offensive. >> it is the end for hundred that tick. congress has removed that word from federal law. we will tell you why when we come back. >> baseball lovers rejoice. some major upgrades are on the way for the stadium in hanover. a casey know is pumping in the money and we're hearing the plans include a new scoreboard. officials tell us this is their way of giving back. >> covering the nations tonight penn state is at the center of a new controversy. this time after a photo was taken at a mexican-themed sorority party and the photos popped up online. the campus is under fire for taking t
on the fiscal cliff with the deadline at the end of the month republicans are calling the white house's new proposal unrealistic, while president obama takes it on the road to rally support. joining me now isdom senator ben card enmember of the budget and finance committees. senator thank you for joining us. >> my pleasure. >> let's talk take a look at probe's proposal. a $50 billion stimulus package. some have characterized this as a democrats' wish list. can you put into perspective how realistic this is? >> i think it is a realistic next step. remember we've already done close to $1 trillion in deficit reduction during the debt ceiling agreement. so we've gotten $1 trillion of discretionary domestic spending savings. it's time now to move on the revenues. quite frankly, i think the easiest next step, i would hope this could happen as early as this week, is to pass the continuation of the lower tax rates for those under $250,000 of taxable income. get that done. everyone agrees on it. it helps the holiday season. it gives confidence. we know we have to get beyond that. we know we also hav
back in session on december 17 to disco -- deal with the fiscal cliff. the house will not adjourn until an agreement is reached on preventing spending cuts and tax increases scheduled to take effect on january. on washington journal" we have been looking elements of the so- called fiscal cliff -- a discussion of the expiring tax provisions set to hit january 1. host: we have been focusing on different parts of the fiscal cliff discussion. today we're looking at tax extenders for businesses and individuals. joining us is sam goldfarb, a tax writer for cq roll call. what our tax extenders? guest: they are temporary tax breaks. some people are concerned the entire tax code is turning into a big tax extender. they are considered to be a small provision and targeted at specific types of businesses. host: why are they temporary? guest: a lot of people say they should be made permanent or they should be eliminated altogether. it is easier to pass when they are temporary. they keep on being extended and extended. host: we will look at some of these. these are some of the tax extenders and the c
that going over the fiscal cliff would make things worse and brings me to the next topic. sequestration. a stupid name for a stupid thing. more then a year ago, both the president and congress made a deal with the devil after both parties felt no shame in taking america to the brink over raising the debt ceiling. so-called compromise back then was that if not negotiate a debt reduction deal, cuts happen across the board. this is not the whole fiscal cliff but just the sequester. $1.2 trillion of mandatory spending cuts over ten years and scheduled for january 2nd. half of that money cut in defense. half in everything else. next year alone could take $65 billion out of spending and a million jobs versus growing 2 million which is what the u.s. is on track to do now. i fully understand the government needs to spend less and spend more efficiently but how you achieve it is as important as how much you cut and the sledge hammer approach is not economically sound. now, there are targeted and measured ways to do it without driving the country in to another recession. some debate today as to w
in the corner and make them rush in the middle of a panic as we are about to fall off of the cliff to cut a deal. stuart: here's my problem. if you get a deal, anything like what the president has proposed, or if you go over the fiscal cliff full tilt, either way, you will have a recession and president obama's second term starts on a very negative note for the american economy. >> you put your finger on the problem. the point of having these fiscal cliff negotiations is to avoid what could lead to a recession, to avoid a calamity. the proposal your putting forward leaves you with an even worse position than you are now, what is the purpose of this? stuart: stay there for a second. i want to get the company's opinion on the raising of the debt ceiling. it is and abolition of the debt ceiling so the president and borrow whatever he wants without congressional authority. >> extraordinary power grab like we haven't seen in a long time. washington d.c. has been in bubble bland. we are in a government bubble. washington d.c. is disconnected from the reality of real-estate going up but the issue is wa
their unemployment in four weeks unless congress reached a deal to avoid that fiscal cliff. letters have already gone out to almost 350,000 people in danger of losing their benefits. more than 2 million nationwide could loss also be affected. >>> bay area school lunch menus are changing as part of a push to get people to eat healthier food. they have been redone to meet new nutrition guidelines president the times reports students in many bay area school distributes are getting more fruits, vegetables and whole grains and less salt. >> flu season is off to a strong start. activity went up slightly over the thanksgiving holiday. every state is reporting some type of activity, but for vermont. doctors are recommending you get your shots and a free clinic is being offered tomorrow. >>> apple products are so popular parents are naming their children after them. a new report shows six girls were named apple this year, that's twice as many as last year. twice as many boys were named mac and 17 girls were named siri, that's six more than last year. >> the babies all beautiful no matter what name. we have
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